The strength of the Ftse Mib Future is frightening and promises the achievement of very ambitious goals. This is in a nutshell the conclusion we can reach after a week characterized by conflicting emotions.
At the beginning of the week the fear of a bearish spin after a collapse of about 3% during the week session. Subsequently, the euphoria of four sessions in a row on the upside which confirms how the strength of the Ftse Mib Future is frightening and promises the achievement of very ambitious goals.
On the other hand, last week we were writing Unless there is an immediate recovery, the prices of the Ftse Mib Future are directed in the area of 22,000 points.
The key level that we indicated as the one to be monitored with the utmost attention was 24,695
prices accelerated downwards closing the session on Friday below the level indicated in the area of 24.695. There are, therefore, all the prerequisites for starting a bearish spin. At this point, the Ftse Mib future prices are directed towards the I price target in the area of 24,135. The maximum bearish extension, on the other hand, passes through the 21.900 area. Therefore, unless there is an immediate recovery, the prices of the Ftse Mib Future are directed in the area of 22,000.
As can be seen from the following figures, not only has there been a recovery, but has also gone beyond the psychological level at an altitude of 25,000. At the moment, therefore, all the conditions are in place for us to continue rising up to 27,000.
The intermediate obstacle to be monitored carefully at the close of the day passes in the area of 25,250 (II price target). A daily close above this level would definitely trigger the prices to rise and confirm the scenario that has the landing point as 27,000.
The strength of the Ftse Mib Future is frightening and promises the achievement of very ambitious objectives: the indications of the graphic analysis
At the close of July 23 the Ftse Mib Future saw hers close quotes at 25.105, an increase of 1.25% compared to the previous session. The week, on the other hand, ended with an upward variation of 1.73%.
Daily time frame
Weekly time frame and monthly time frame
Both on the weekly and on the monthly basis the projection in progress is still bullish and the sell signal of the Swing Indicator has proved false as we had already highlighted in the previous article.
Nothing to add, therefore, to what was written in the previous reports.
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(We remind you to carefully read the warnings regarding this article, which can be consulted who”)
